CME Group Reaches Second-Highest Quarterly Volume Ever, Averaging 20.9 Million Contracts Per Day in Second-Quarter 2019
- Record Agricultural Commodities ADV, up 6% to 1.8 million contracts
- Record Interest Rate options ADV, up 56% to 3.3 million contracts
- Record Agricultural options ADV, up 10% to 359,000 contracts
- Record Metals options ADV, up 39% to 78,000
Options volume averaged 5.7 million contracts per day inJune 2019 , up 63% fromJune 2018 , and reached its second-highest monthly ADV ever. Highlights include: - Record overall daily options volume of 10.8 million contracts set
June 3 - Record 8.8 million Interest Rate options contracts traded on
June 3 , including a record 4.8 million traded electronically - Record Eurodollar options volume of 7 million contracts on
June 3 and record OI of 71 million contracts onJune 13 - Record Interest Rate options monthly ADV of 4.3 million contracts, up 98%
- Record Metals options ADV of 128,000 contracts, up 117%
- Equity Index options ADV increased 5% to 612,000 contracts
- Energy options ADV grew 4% to 274,000 contracts
Interest Rate volume averaged 12.9 million contracts per day inJune 2019 , up 56% fromJune 2018 . Highlights include: - Record 1.29 million
Fed Fund futures contracts traded onJune 19 - Eurodollar futures and options ADV grew 89% to 7.1 million contracts
- U.S. Treasury futures and options ADV increased 23% to 5.1 million contracts
Fed Fund futures ADV rose 112% to 588,000 contracts- Ultra 10-Year U.S. Treasury Note futures and options ADV grew 50% to 219,000 contracts
- Weekly Treasury options ADV increased 39% to 211,000 contracts
- Ultra U.S. Treasury Bond futures and options ADV increased 11% to 147,000 contracts
Equity Index volume averaged 3.9 million contracts per day inJune 2019 , up 20% fromJune 2018 . Highlights include:
- Micro E-mini equity index futures averaged 437,000 contracts per day in June, and traded over 18 million contracts in total volume since their
May 6 launch – the most successful product launch ever atCME Group - E-mini
S&P 500 futures and options ADV increased 6% to 2.4 million contracts - E-mini Nasdaq-100 futures and options ADV grew 18% to 484,000 contracts
- Nikkei 225 (yen) futures ADV grew 22% to 45,000 contracts
Metals volume averaged a record 801,000 contracts per day inJune 2019 , up 20% fromJune 2018 . Highlights include: - Record Gold options ADV, up 141% to 115,000 contracts
- Record Copper options OI of 68,000 on
June 24 - Gold futures and options ADV increased 55% to 506,000 contracts
- Silver futures and options ADV rose 12% to 143,000 contracts
- Copper options ADV rose 111% to 3,300 contracts
Agricultural volume averaged a record 2 million contracts per day inJune 2019 , up 1% fromJune 2018 . Highlights include: - Record quarterly Corn futures and options ADV, up 30% to 774,000 contracts
- Record Lean Hog options OI of 467,000 contracts on
June 17 - Corn futures and options June ADV grew 21% to 875,000 contracts
- Grain and Oilseeds futures and options June ADV rose 1% to 1.8 million contracts
- Livestock futures and options June ADV grew 13% to 170,000 contracts
- Hard Red Winter Wheat futures and options June ADV increased 3% to 83,000 contracts
Energy volume averaged 2.5 million contracts per day inJune 2019 , down 4% fromJune 2018 . Highlights include: - Natural Gas futures and options ADV rose 13% to 533,000 contracts
- Gasoline futures and options ADV increased 6% to 217,000 contracts
- Brent Crude Oil futures and options ADV rose 14% to 137,000 contracts
Foreign Exchange volume averaged 1.1 million contracts per day inJune 2019 , down 9% fromJune 2018 . Highlights include: - Japanese yen futures and options ADV rose 7% to 168,000 contracts
- Australian dollar futures and options ADV increased 6% to 131,000 contracts
- Swiss franc futures and options ADV grew 21% to 41,000 contracts
New Zealand dollar futures and options ADV rose 17% to 36,000 contracts
BrokerTec fixed income trading activity highlights include:
- European Repo average daily notional value increased 4% to €279 billion
- U.S. Repo average daily notional value increased 9% to
$252 billion - U.S. Treasury average daily notional value grew 27% to
$200 billion
Supplemental Disclosure
The Equity Index average rate per contract (RPC) starting in May will be impacted by the significant Micro E-mini equity index futures volume, which launched on May 6. For reference, the Equity Index product line total volume for May was 93,127,399 contracts, while the Micro E-mini total volume was 9,299,092, or 10 percent of the total. The average RPC for the Micro E-mini products in May was approximately
Footnote: To see
MONTHLY AVERAGE DAILY VOLUME (ADV) |
|||||
Total Exchange ADV |
|||||
Jun 2019 |
Jun 2018 |
||||
Trading Days |
20 |
21 |
|||
PRODUCT LINE |
Jun 2019 |
Jun 2018 |
Percent Change |
||
Interest Rates |
12,852 |
8,216 |
56% |
||
Equity Indexes |
3,870 |
3,226 |
20% |
||
Foreign Exchange (FX) |
1,065 |
1,167 |
-9% |
||
Energy |
2,477 |
2,576 |
-4% |
||
Agricultural Commodities |
2,023 |
1,994 |
1% |
||
Metals |
801 |
666 |
20% |
||
Total |
23,089 |
17,845 |
29% |
||
VENUE |
Jun 2019 |
Jun 2018 |
Percent Change |
||
Open outcry |
1,855 |
1,035 |
79% |
||
CME Globex |
19,948 |
16,156 |
23% |
||
Privately negotiated |
1,286 |
653 |
97% |
||
QUARTERLY AVERAGE DAILY VOLUME (ADV) |
|||||
Total Exchange ADV (in thousands) |
|||||
2Q 2019 |
2Q 2018 |
||||
Trading Days |
63 |
64 |
|||
PRODUCT LINE |
2Q 2019 |
2Q 2018 |
Percent Change |
||
Interest Rates |
11,593 |
9,200 |
26% |
||
Equity Indexes |
3,480 |
3,086 |
13% |
||
Foreign Exchange (FX) |
874 |
1,035 |
-15% |
||
Energy |
2,498 |
2,630 |
-5% |
||
Agricultural Commodities |
1,839 |
1,734 |
-6% |
||
Metals |
633 |
674 |
-6% |
||
Total |
20,918 |
18,359 |
14% |
||
VENUE |
2Q 2019 |
2Q 2018 |
Percent Change |
||
Open outcry |
1,501 |
1,066 |
41% |
||
CME Globex |
18,505 |
16,644 |
11% |
||
Privately negotiated |
912 |
649 |
40% |
ROLLING THREE-MONTH AVERAGES |
||||
Average Daily Volume (In thousands) |
||||
3-Month Period Ending |
||||
PRODUCT LINE |
Jun-19 |
May-19 |
Apr-19 |
Mar-19 |
Interest Rates |
11,593 |
10,809 |
9,787 |
10,313 |
Equity Indexes |
3,480 |
3,364 |
2,837 |
3,161 |
Foreign Exchange (FX) |
874 |
870 |
853 |
885 |
Energy |
2,498 |
2,399 |
2,330 |
2,331 |
Agricultural Commodities |
1,839 |
1,621 |
1,556 |
1,381 |
Metals |
633 |
567 |
549 |
561 |
Total |
20,918 |
19,630 |
17,912 |
18,633 |
VENUE |
Jun-19 |
May-19 |
Apr-19 |
Mar-19 |
Open outcry |
1,501 |
1,334 |
1,209 |
1,284 |
Electronic |
18,505 |
17,553 |
15,986 |
16,576 |
Privately negotiated |
912 |
743 |
717 |
773 |
Average Rate Per Contract (In dollars) |
||||
3-Month Period Ending |
||||
PRODUCT LINE |
May-19 |
Apr-19 |
Mar-19 |
Feb-19 |
Interest Rates |
0.473 |
0.486 |
0.481 |
0.486 |
Equity Indexes |
0.703 |
0.753 |
0.757 |
0.742 |
Foreign Exchange (FX) |
0.733 |
0.763 |
0.763 |
0.769 |
Energy |
1.136 |
1.157 |
1.159 |
1.173 |
Agricultural Commodities |
1.219 |
1.253 |
1.246 |
1.264 |
Metals |
1.462 |
1.487 |
1.488 |
1.484 |
Total |
0.695 |
0.726 |
0.713 |
0.714 |
BrokerTec Fixed Income and EBS Foreign Exchange Average Daily Notional Value |
||||||||||
(in billion USD unless otherwise stated, single count) |
||||||||||
PRODUCT LINE |
Jun 2018 |
Jun 2019 |
YoY % |
May 2019 |
MoM % |
|||||
U.S. Treasury1 |
156.6 |
199.6 |
27% |
177.6 |
12% |
|||||
U.S. Repo |
230.1 |
251.6 |
9% |
263.1 |
-4% |
|||||
European Repo (in EUR billions) |
269.7 |
279.6 |
4% |
286.1 |
-2% |
|||||
Spot FX |
95.8 |
88.6 |
-7% |
78.4 |
13% |
|||||
12 Month ended Jun 30 |
||||||||||
PRODUCT LINE |
2018 |
2019 |
% Change |
|||||||
U.S. Treasury |
166.7 |
167.6 |
1% |
|||||||
U.S. Repo |
243.8 |
242.5 |
-1% |
|||||||
European Repo (in EUR billions) |
247.5 |
267.9 |
8% |
|||||||
Spot FX |
89.7 |
81.5 |
-9% |
|||||||
[1] Volume information includes UST Benchmarks and Agencies. Off-the-Run securities, including T-Bills, are provided pursuant to an agreement with ICAP Securities USA LLC. |
BrokerTec Fixed Income and EBS Foreign Exchange 3-Month Trailing Average Revenue |
||||
(U.S. dollars in millions)2 |
||||
3-Month Period Ending |
||||
BUSINESS LINE |
May-19 |
Apr-19 |
Mar-19 |
Feb-19 |
BrokerTec |
48.4 |
46.9 |
47.6 |
47.3 |
EBS |
48.5 |
46.2 |
48.9 |
48.3 |
[2] This data is representative of the subset of legacy NEX Group plc business revenue that flows into the Clearing and Transaction Fees line of the CME Group Income Statement along with revenue generated by CME Group futures and options volume, as well as over-the-counter swaps cleared. |
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Media Contacts: Chris Grams, 312.930.3435, Laurie Bischel, 312.648.8698, news@cmegroup.com, www.cmegroup.com/media-room.html or Investor Contact: John Peschier, 312.930.8491